Augean Share Discussion Threads

[supervillain] 25/8/2017 08:35

I think this could go in bankruptcy.

Legal costs gonna be very high, destabilising to the company and TAXMAN wants to see blood

[morton2011] 25/8/2017 08:26

Leaking ? It was an RNS.The wider problem as pointed out before is that a lot of the landfill waste they take is 'exempt' from tax. Just look how little of LF tax they pay in accounts.So forward looking if this exemption is closed without any back tax being due then those wastes are very unlikely to come in - although some may as few other treatment alternatives. It presumably will affect the other landfill sites taking these type of wastes so in long term this will sort itself out. A problem for Augean is that they generate most of their cash from these wastes which get very little 'treatment'. Legal costs will also be v high and little chance of recovering those.Short term avoid until a lot clearer is my view.

[pugugly] 03/8/2017 14:27

All sells today so far down 5% on 40K shares in 10 trades - Anyone know if a SELL tip out there.

Could (imo0 have futher to sell if so and momentum/stop losses kick in.

[lbo] 01/8/2017 13:37

Updated forecasts:2017e eps 5.23p div 1.20p2018e eps 6.09p div 1.44p

[cerrito] 14/6/2017 19:32

This is what BIFFA said today
quote
We continue to see opportunities to improve the utilisation of our existing asset base, and in this regard, will continue to target acquisition opportunities where we see clear value creation opportunities through asset combinations. I am pleased with the level of M&A activity this year and I am confident that the skills we have developed and resources we have mobilised strengthen our ability to successfully identify, acquire and importantly fully integrate businesses into our existing Group.
unquote
I would be surprised if they bid for AUG as my sense is that want to bulk up in the more commodity end of the market; others of you may have a different take.

[a0148009] 03/5/2017 10:18

Chart looking good - promising to break out 8 year trading range.

[cerrito] 01/5/2017 15:40

Thanks LBO for keeping us up to date.My finger is hovering in rather an indecisive way over the sell button and probably end up by doing nothing.

[lbo] 06/4/2017 14:26

https://www.davy.ie/research/public/morningEquityBriefing.htmDCC has announced the sale of its Environmental division for an EV of £219m. This is a positive move that increases the strategic focus of the group. We also think the disposal multiple of 14.4x 2016 EV/EBIT is attractive.

[lbo] 31/3/2017 12:17

For a company that reported double-digit EBITDA and operating cash flow growth for FY16, Augean continues to confound our analysis by trading on a low P/E multiple and well below our fundamental fair value. Given its excellent market position and sustainable competitive advantage through ownership of scarce hazardous landfill assets, we believe the stock should trade well above current levels. Granted, the company had one or two negative items at the full year, most notably the East Kent impairment, but cash conversion at 95% allowing for growth capex and a 50% increase in dividends is an attractive earnings story which is supported by our discounted cash flow valuation of 80p/share.

[cerrito] 28/3/2017 19:19

Good to see share price robust with both Oryx and Henderson slimming down

[cerrito] 25/3/2017 18:11

Been going through the full year figures and cannot muster enthusiasm to buy more-but not selling either.
Recognize that H2 had good operating cash flow and an increase in operating profit and that they seem happy with 2017 so far and that trading in line with market expectations; not sure what you think market expectations are but I see DL has 2017 pretax of £8.48m which even pre exceptionals would be good compared to this year’s pre exceptionals of £7m.
I recognize they have a comfortable balance sheet position and now paying a dividend of almost 2%pa yield.
Given all the history with East Kent not surprised that we had an impairment but not expecting it to be so much.; for some reason they have reduced the pre tax discount rate from 10.5% to 9.7% which seems on the generous side. Remember goodwill/intangibles almost 50% of book net worth.
I thought the KPI sections and Key risks a good read and reminded that tied into general level of economic activity(though I think over the last 4 odd years that they have done a lot to insulate themselves from this) and the finer details of how regulation is enacted.
After all the effort they put into the LLW Northants plant they must feel very frustrated at the low levels of waste being processed.
I get the feeling this is a well managed business but in an industry that can promise more than it can deliver(ie LLW) and let’s hope that Dundee and Great Yarmouth do better than Northants and East Kent.
I have not been to an AGM for some time..the two I have been two have been v short with no other investors.
Anyone planning on going???

[jamielein] 21/3/2017 08:22

I was personally disappointed with the results - adjusted EPS growth of only 5%. I think the market was expecting more. I decided to sell out of my small position.

[petewy] 21/3/2017 08:11

Great Results IMO Price dropped?

[petewy] 14/3/2017 17:18

Thanks LBO
Augean, is due to report full year earnings next week.

[petewy] 14/3/2017 12:21

Daily Telegraph today says HGG increased holding to 14% from 6%.
Institutional Shrhlders own 75+%?